Navellier & Associates Inc. Makes New $2.16 Million Investment in Dorian LPG Ltd. $LPG

Navellier & Associates Inc. acquired a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 62,051 shares of the shipping company’s stock, valued at approximately $2,158,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in Dorian LPG by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after purchasing an additional 318 shares during the period. IHT Wealth Management LLC grew its stake in Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock worth $433,000 after buying an additional 365 shares during the last quarter. WINTON GROUP Ltd increased its position in Dorian LPG by 0.8% in the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock worth $1,087,000 after buying an additional 373 shares during the period. The Manufacturers Life Insurance Company increased its position in Dorian LPG by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after buying an additional 390 shares during the period. Finally, Vident Advisory LLC lifted its stake in Dorian LPG by 2.8% in the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after buying an additional 577 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Stock Performance

Shares of LPG opened at $49.64 on Friday. The firm has a market capitalization of $2.12 billion, a PE ratio of 6.57 and a beta of 0.65. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $43.34 and a 200 day moving average price of $39.44. Dorian LPG Ltd. has a 52-week low of $23.76 and a 52-week high of $52.10.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.40. The company had revenue of $187.88 million during the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The business’s revenue for the quarter was up 123.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS.

Dorian LPG Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were given a dividend of $1.00 per share. The ex-dividend date was Monday, July 27th.

Insider Activity at Dorian LPG

In other news, insider Tim Truels Hansen sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total value of $1,126,000.00. Following the sale, the insider owned 157,675 shares of the company’s stock, valued at approximately $7,101,682. The trade was a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LPG. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday. Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorian LPG has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Dorian LPG Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.